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Amazon Great Indian Festival: Top Smartphone Offers During the Sale You Shouldn’t Miss
Amazon Great Indian Festival 2024 kicked off in India on September 27, offering exciting deals to all users. Shoppers can find a wide range of electronics, from personal gadgets to home entertainment systems and large appliances, at attractive discounted prices. Additionally, many products can be purchased at even lower effective prices thanks to e...
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97.96% Rs 2,000 Notes Returned, Rs 7,261 Crore Worth Notes Still With Public
The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public.
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Opinion | How PMJDY Sparked A Ripple Effect Across India's Economy
By bringing millions into the formal banking system, PMJDY has enhanced economic participation, reduced poverty, and contributed to social stability, mirroring the transformative impact of the US's Marshall Plan.
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Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
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eRupee CBDC Has Amassed 5 Million Users in Retail Pilot, Set for More Programmability: RBI Governor
RBI Governor Shaktikanta Das claimed on Monday that in its pilot stage, the eRupee had managed to amass five million users. Das was speaking at a conference in Bengaluru.
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Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
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Ransomware Attack On Service Provider Hits 300 Small Banks Across India
A ransomware attack on a technology service provider has forced payment systems across nearly 300 small local banks in India to shut down temporarily, two sources directly aware of the matter told Reuters.
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UPI One World Wallet Services Launched For NRIs, International Travellers by NPCI
UPI One World wallet service has been launched by the National Payments Corporation of India (NPCI) for non-resident Indians (NRIs) and international travellers visiting the country. The service was first announced last year during the G20 summit which India hosted. It will allow travellers who do not have an Indian bank account to access the Unifi...
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Indian Financial Systems Remain Largely Unaffected From Microsoft Outage
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.
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India To Create A Cross-Border Retail Payment Platform With 4 ASEAN Countries
Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.
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Rs 2,000 Notes Worth Rs 7,581 Crore Still With Public: RBI
The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are still with the public.
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RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das
The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor said today.
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Indian Economy, Financial System Remain Robust And Resilient, Says RBI
The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.
-
Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
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India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
-
Amazon Great Indian Festival: Top Smartphone Offers During the Sale You Shouldn’t Miss
Amazon Great Indian Festival 2024 kicked off in India on September 27, offering exciting deals to all users. Shoppers can find a wide range of electronics, from personal gadgets to home entertainment systems and large appliances, at attractive discounted prices. Additionally, many products can be purchased at even lower effective prices thanks to e...
-
97.96% Rs 2,000 Notes Returned, Rs 7,261 Crore Worth Notes Still With Public
The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public.
-
Opinion | How PMJDY Sparked A Ripple Effect Across India's Economy
By bringing millions into the formal banking system, PMJDY has enhanced economic participation, reduced poverty, and contributed to social stability, mirroring the transformative impact of the US's Marshall Plan.
-
Loan Goes Digital, But Recovery Still Needs Feet On the Street: RBI Official
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
-
eRupee CBDC Has Amassed 5 Million Users in Retail Pilot, Set for More Programmability: RBI Governor
RBI Governor Shaktikanta Das claimed on Monday that in its pilot stage, the eRupee had managed to amass five million users. Das was speaking at a conference in Bengaluru.
-
Unified Lending Interface Will Be Launched In Due Course: RBI Chief
Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric.
-
Ransomware Attack On Service Provider Hits 300 Small Banks Across India
A ransomware attack on a technology service provider has forced payment systems across nearly 300 small local banks in India to shut down temporarily, two sources directly aware of the matter told Reuters.
-
UPI One World Wallet Services Launched For NRIs, International Travellers by NPCI
UPI One World wallet service has been launched by the National Payments Corporation of India (NPCI) for non-resident Indians (NRIs) and international travellers visiting the country. The service was first announced last year during the G20 summit which India hosted. It will allow travellers who do not have an Indian bank account to access the Unifi...
-
Indian Financial Systems Remain Largely Unaffected From Microsoft Outage
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage, though about 10 banks and NBFCs faced minor disruptions which have either been resolved or are being fixed.
-
India To Create A Cross-Border Retail Payment Platform With 4 ASEAN Countries
Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India's UPI with the fast payment systems of ASEAN members.
-
Rs 2,000 Notes Worth Rs 7,581 Crore Still With Public: RBI
The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are still with the public.
-
RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das
The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor said today.
-
Indian Economy, Financial System Remain Robust And Resilient, Says RBI
The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability.
-
Financial System Resilient, Banking NPAs At Multi-Year Low Of 2.8%: RBI Report
Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR).
-
India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
